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been taxes tax on and fourteen percent thirty five percent already been taxed if you want and you can use his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we've got no way to listen to the central issue either you are you trying to tell me that i have a bit of the central issue of which is that if we did have pain somebody that if i've paid taxes on that money they shouldn't have to pay taxes that really we're trying to tell me no not and not at all then why are you making the argument that iran a should only pay fourteen percent income tax because somebody else paid taxes on that money because his income has already been taxed there's no need to tell him i is homes are already being taxed and i believe this isn't rational and shanny bars and i say you can tax that if you want to look at the central issue of minimum wage and we w
been taxes tax on and fourteen percent thirty five percent already been taxed if you want and you can use his secretary was paid with money that had never been taxed before i think i think his secretaries pay what the profits corporation and that corporation got their money from or that corporation to get that money from investment you're absolutely right from somebody else who had been double taxing people and we've got no way to listen to the central issue either you are you trying to tell me...
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with some experts saying if the tax is brought in may have to rethink its help for ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay more than one hundred detainees are reportedly starving themselves in protest at mistreatment. what washington and its allies have left behind in iraq because more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion of top stories. international news and comment from our studio in. twenty four hours a day the parliament in cyprus is delayed until choose the decision on whether to and. which will cost its citizens millions of their hard earned euros every bank customer will have their cash taxed if it goes through the plan cause panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent reports on the implications the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this tax a bank deposit tax be imposed now this
with some experts saying if the tax is brought in may have to rethink its help for ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay more than one hundred detainees are reportedly starving themselves in protest at mistreatment. what washington and its allies have left behind in iraq because more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion of top stories. international news and comment from our studio in....
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and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to say how in the big names here involved allegedly porsche volkswagen as well as germany's richest woman or phantom shell companies in panama i mean nothing wrong with it depends how you interpret it i guess whether it becomes tax avoidance tax evasion but what can you do to stop these loopholes. it is very clear there is no into a master of very little or too little international cooperation on this and of course you know if you have families who would not notice that they lost their one five fifteen million new euros necessary for one of the big german parties for the whole federal election cam
and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in techs havens that's usual with them that's their usual business and they do it because they have no mother country to themselves so to...
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back tax and then we've seen protests on the streets of people angry really at the e.u. at the troika and specifically at germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe i believe. this is unfair he's not saying we're going to do so everybody says the industry remember that we're going to produce results look for the. first place. this should be asia and they didn't usually is no just for economy greece on women resume these are the you will be judged one of the ones the russians or the site of the first. well the mood here in nicosia cyprus remains rather negative it seems that the people feel that they're receiving one bad news after another the latest being that the european central. will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there was an e.u. i.m.f. program in place now this means that there really is a cash problem on the ground seen cypriots g
back tax and then we've seen protests on the streets of people angry really at the e.u. at the troika and specifically at germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe i believe. this is unfair he's not saying we're going to do so everybody says the industry remember that we're going to produce results look for the. first place. this should be...
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back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. everybody. everybody sees. these. women resume is. one of them. very. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one bad news after another the latest being that the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an i.m.f. program in place now this means that there really is a cash problem on the ground cypriots going to early in the morning trying to get as much cash as they could as some have told me that the limit on their cars the amount that they could take for the bank has changed has been lowered we've also been speaking to some shopkeepers they're really having a problem be seen b
back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. everybody. everybody sees. these. women resume is. one of them. very. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're...
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sales tax income tax states have the same fica taxes absolutely it's an unfounded and fair game when you look at it marc harrold case tiger at a boiling. thank you all for being with you thank you. granger report today and bloomberg business week former twenty twelve republican presidential candidates rick santorum and newt gingrich were very close to forming a unity ticket back in february two thousand and twelve in an effort to collectively knock mitt romney out of nomination contention after santorum claimed the iowa caucuses and three other primaries in early february the talk of forming that unity ticket reached its peak job john brabender santorum chief strategist told bloomberg business week that everybody thought there was an opportunity it would send shock waves through the establishment and the romney campaign but the talks over the take a broke down when neither candidate could agree over which one of them would be at the top of that eventually ticket if our political system provided for a third fourth or fifth party's santorum and gingrich could have simply run on another
sales tax income tax states have the same fica taxes absolutely it's an unfounded and fair game when you look at it marc harrold case tiger at a boiling. thank you all for being with you thank you. granger report today and bloomberg business week former twenty twelve republican presidential candidates rick santorum and newt gingrich were very close to forming a unity ticket back in february two thousand and twelve in an effort to collectively knock mitt romney out of nomination contention after...
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officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bailout but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are still in danger e.u. and cypriot officials are scrambling to come up with an alternative and i'll turn. scheme before banks reopen next tuesday march twenty sixth allen's finance ministry for one as suggested accepting the e.u. bailout on the condition that exempts smaller account holders from the lobby of the european finance ministers like francis pure mosco moscow these have also expressed support for such an exception and at the same time however the cypriot government is also exploring a bailout plan with russia which is not part of the e.u. any agreement with russia would likely include access
officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bailout but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are...
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from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights officials sound the alarm over the treatment of prisoners at guantanamo bay is u.s. military officials trying to downplay a mass hunger strike at the detention center. good evening you've just joined us kevin live at the hour to new center tonight our top story the scenes of relief and indeed celebration greeted the cypriot parliament's rejection of attacks on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings are being condemned by officials in the public alike but the country now finds itself of course on the br
from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights...
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russia condemns the proposal as unfair and dangerous with some experts saying if the tax is brought in moscow may have to rethink its help ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay where more than one hundred detainees are reportedly starving themselves in protest mistreatment. and no war peace we also want washington and its allies have left behind in iraq as more deadly bombings strike the nation ahead of the ten year anniversary of the u.s. led invasion our top stories this hour. international news and comment live from our studio center here in moscow this is the twenty four hour a day the parliament in cyprus has delayed until tomorrow a decision on whether to allow an e.u. bailout which will cost its citizens millions of the euro's every bank customer will have their cash taxed if it goes through the plan calls panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent cynthia reports on the implications. the e.u. finance ministers as the and the international monetary f
russia condemns the proposal as unfair and dangerous with some experts saying if the tax is brought in moscow may have to rethink its help ailing europe. the u.s. military maintains there is no mass hunger strike at guantanamo bay where more than one hundred detainees are reportedly starving themselves in protest mistreatment. and no war peace we also want washington and its allies have left behind in iraq as more deadly bombings strike the nation ahead of the ten year anniversary of the u.s....
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right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a loan but we do know that the country already holds moscow two and a half billion year old this is for another loan which was given to the currency back in two thousand and eleven back then it exceeded ten percent of its g.d.p. and to help its economy stay afloat with the big question now is is cyprus going for broke is it going to ask russia for a complete bailout package but the big picture is angle and merkel is completely furious with cyprus even talking to moscow about this even though it's widely acknowledged that up to thirty percent of deposits on the site side had bank accounts belong to
right now since it's just rejected the bailout plan by brussels and the troika off to investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance to the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the goal seasons but at the same time added that you know official offer has been made so far although there is speculation that cyprus is going to ask russia for a...
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as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site bid finance minister has been in the russian capital the entire day he's met with his russian counterpart and would be the first the deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that you are satisfied with the negotiations but no official offer has been made so far although he himself said h
as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very...
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very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that he was satisfied with the negotiations but no official offer has been made so far although he himself said he's not leaving moscow until an agreement is reached all of this is happening. while anger and anger a miracle being furious over cyprus talking to moscow about this all together since earlier she strongly advised the country not to even discuss the issue with anybody else but brussels or the troika and actually we know that the president personally told what he will put in about his country's problems decision to reject the european union's proposal and we also already know that cyprus alre
very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that...
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the vent here angry crowds you're seeing ringing the cypriot parliament demanding the rejection of a tax that would see savers bailing out banks that levy could see people lose up to ten percent of their life savings or for cyprus to qualify for these pictures being broadcast live from the parliament now by artie's roughly video news agency or that streaming online to. express his concern over the ongoing hunger strike in guantanamo bay despite authorities efforts to play down the protests we've got the latest there this hour. busy news night a series of bomb attacks through baghdad killing dozens and injuring hundreds as iraq struggles to get back on its feet on the tenth anniversary of the u.s. led invasion. good evening this is our kevin oh it's good to have you company our top story a rocket attack on a town outside aleppo in syria's north has left dozens dead including sixteen government soldiers details about what actually happened on the ground within but there are reports that chemical weapons could have been used both the syrian government and the opposition are accusing each ot
the vent here angry crowds you're seeing ringing the cypriot parliament demanding the rejection of a tax that would see savers bailing out banks that levy could see people lose up to ten percent of their life savings or for cyprus to qualify for these pictures being broadcast live from the parliament now by artie's roughly video news agency or that streaming online to. express his concern over the ongoing hunger strike in guantanamo bay despite authorities efforts to play down the protests...
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bank deposit tax be imposed now this could amount to up to nine point nine percent of those who have more than one hundred thousand euros in the bank good for many people there it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this essentially unfair unjust and simply robbery their their savings being taken away from the president of the country however have has been painting this acceptance of the bailout as crucial for the country says that if. this requirement is not passed then the country will might be forced to get out of the euro of the euro zone area and therefore some people feel that the country has really been put in a position where it has no choice but to accept everything that has be handed down by brussels by e.u. leaders by the meetings that they have here as far as the people are concerned again they really see t
bank deposit tax be imposed now this could amount to up to nine point nine percent of those who have more than one hundred thousand euros in the bank good for many people there it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this...
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a lot of that is down in terms of you know federal tax dollars. they're getting an extra return a little tax you know that is not how it was but yeah there's a there's a there's something of an a well i would that was my point though is my point richard is that is that we don't because were a duration and so would have been be inaccurate to say that when the e.u. was formed they sort of did it half way they did a national currency but they didn't give the individual states the power that we give states as part of the united states of america and as a consequence that loss of economic sovereignty has translated into a loss of political sovereignty for those states and if that's the case along before the e.u. disintegrates. well i think that's the question of the day i think you know if you start talking about the european central bank and its power the european union and its power and germany's dominance of both then i think you're really looking at the potential disintegration of the european union you're also seeing very clearly that while it cla
a lot of that is down in terms of you know federal tax dollars. they're getting an extra return a little tax you know that is not how it was but yeah there's a there's a there's something of an a well i would that was my point though is my point richard is that is that we don't because were a duration and so would have been be inaccurate to say that when the e.u. was formed they sort of did it half way they did a national currency but they didn't give the individual states the power that we...
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life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policies. and an iraqi terrorist group with links to al qaeda claims responsibility for bombings that killed dozens in baghdad further unsettle the country ten years on from the u.s. led invasion. all over again even she if you're just joining us my name is kevin and this is art international live from moscow our top story that you just heard scenes of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a t
life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to...
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it is a not so much a stealth tax as a sort of a swipe tax is that a very quickly and in some ways you could say that this is actually. on one level a prototype for how the country will timidly have to leave the euro zone entirely have to be done very quickly almost overnight with a certain sort of grab at the doors of the banks trying to make sure that the bank machines are basically switched off and then seeing the public in disarray that the following day and a huge crisis in parliament so whatever happens in terms of the the taxing and back accounts i think we're going to see this model of of how. democracies and how the the economy has to deal with a certain us are in crisis repeated in one scale in one form or another and quite possibly on a larger scale but let's hope not well leave the sun isn't shining in london by the looks of things and it's certainly not shining in cyprus although it should be thank you very much indeed les thanks for joining us live there that's leigh rather i'm in london. well the aftershocks of the proposition have been felt with other countries of cours
it is a not so much a stealth tax as a sort of a swipe tax is that a very quickly and in some ways you could say that this is actually. on one level a prototype for how the country will timidly have to leave the euro zone entirely have to be done very quickly almost overnight with a certain sort of grab at the doors of the banks trying to make sure that the bank machines are basically switched off and then seeing the public in disarray that the following day and a huge crisis in parliament so...
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into the government are now taking tax money out of the government and so of course you're going to have budget deficits go up was this just like a crazy idea in the first place yes i think so i think that the whole notion of an automatic fix level denies the inevitable flexibility the inevitability of new developments that no one who wrote these rules ever for saw and that it. puts
into the government are now taking tax money out of the government and so of course you're going to have budget deficits go up was this just like a crazy idea in the first place yes i think so i think that the whole notion of an automatic fix level denies the inevitable flexibility the inevitability of new developments that no one who wrote these rules ever for saw and that it. puts
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edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention center. and barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policy it's. very good even if you just joined us is kevin over here live the r.t. new center tonight our top story the scenes overleaf and celebration greeted the cypriot parliament's rejection of that tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a tenth of the savings had been condemned by officials in the public alike but the country of course now finds itself on th
edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention...
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in a panic over a planned tax savings accounts as part of an european union and i.m.f. deal the so-called rescue plan for the tiny eurozone country would say a one time levy on deposits to avoid a national default ati's correspondent i saw similar reports from the heart of the . well today is a crucial day for cyprus as its parliament votes on ratifying that new one time bank deposit tax that has really come as a surprise when it was announced over the weekend the people in cyprus already having reacted with a bit of a panic no this came about as the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this. bank deposit tax be imposed now this could amount to up to nine point nine percent of those who have more than one hundred thousand euros in the bag and for many people there it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electron
in a panic over a planned tax savings accounts as part of an european union and i.m.f. deal the so-called rescue plan for the tiny eurozone country would say a one time levy on deposits to avoid a national default ati's correspondent i saw similar reports from the heart of the . well today is a crucial day for cyprus as its parliament votes on ratifying that new one time bank deposit tax that has really come as a surprise when it was announced over the weekend the people in cyprus already...
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fifty years old he's a syrian born naturalized american has been living in taxes for decades he used to be executive and came to prominence working with a humanitarian agency during the war and of course expectations are very high that were very high that i mean these nomination to help stop the bloodshed in the country but what about the arab league meeting what do we what are we expecting from as i was tired unfortunately expectations were very high but unfortunately we can't expect to march of progress here though john kerry and russian foreign minister lavrov found common ground on the geneva declaration recent and kerry's response to have a personal relationship with our side it seems that fighting is continuing the ground violence and is intensifying as well as claims and size i mean ready to talk actually are continuing to blame each other and are still warring sides. most of which pretty sure. clarke has written extensively about syria told us it's no accident. spent a large part of his life in the u.s. before being voted in those opposition prime minister let's take a listen
fifty years old he's a syrian born naturalized american has been living in taxes for decades he used to be executive and came to prominence working with a humanitarian agency during the war and of course expectations are very high that were very high that i mean these nomination to help stop the bloodshed in the country but what about the arab league meeting what do we what are we expecting from as i was tired unfortunately expectations were very high but unfortunately we can't expect to march...
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even though you do pay taxes college should be free and we should be look at this trillion dollars in student debt that has come about since since reaganomics and saying this is friggin crazy we need to wipe this debt off the books a trillion dollars the federal government could wipe that off tomorrow and not notice that it created thirty trillion dollars during the banking crisis and in two thousand and eight didn't destroy the country we need to wipe this debt out and start cation at no cost i completely agree that the trillion dollars is completely out of control the fact of the matter is that it's in if you just look at the last ten years so ten years ago student loan debt was about two hundred and fifty billion dollars i think you probably threw up a graph initially by all round two thousand and ten you know it a grown adjusted for inflation some fifty five billion some five hundred fifty billion more dollars since the government took over student loans the rate of increase every year over the past several years has increased twenty three percent of the prophet elijah is two doll
even though you do pay taxes college should be free and we should be look at this trillion dollars in student debt that has come about since since reaganomics and saying this is friggin crazy we need to wipe this debt off the books a trillion dollars the federal government could wipe that off tomorrow and not notice that it created thirty trillion dollars during the banking crisis and in two thousand and eight didn't destroy the country we need to wipe this debt out and start cation at no cost...
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solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to stealing money from people's bank accounts and the message that sends to people who got savings in banks in most countries certainly if i was there is get your money out while you can do not invest anywhere in the euro zone you've got to be mad to do so because it's now run by people who don't respect democracy who don't respect the rule of law who don't respect the basic principles upon which western civilization is supposed to be based by our propping up a euro zone which in the end is going to collapse in disastrous failure are they are prepared to do anything to do so i think that this decision thi
solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to...
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so this tax passes my did not flee to europe then i mean now that the president does that. i don't think so i think those investors in cyprus for them the best option is actually to stay as i said if you do you shave if you sit or you don't move and then war should people going to go to saudi arabia recently hedge fund in saudi arabia went bankrupt the saudi the saudi citizens and investors were bailed out and all the forces with rome under the bush so there are not many places you can actually go to where you go to switzerland very hard these days can you go to china what is the status of their banks so i think when you restore the rule of law in cyprus or you save cyprus still sorry going to be a good place to be. messages pink i wish we had more time with you belgian m.e.p. thank you very much your metaphor has definitely been taken on board and i'm sure they'll be more talk about that in the coming days. it was a it was an advise for free thank you. the hunger strike at guantanamo bay continues to gain momentum as human rights groups on criticized for ignoring the pligh
so this tax passes my did not flee to europe then i mean now that the president does that. i don't think so i think those investors in cyprus for them the best option is actually to stay as i said if you do you shave if you sit or you don't move and then war should people going to go to saudi arabia recently hedge fund in saudi arabia went bankrupt the saudi the saudi citizens and investors were bailed out and all the forces with rome under the bush so there are not many places you can actually...
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is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross the cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares and raymond she is a professor of international finance and director of the european union research center at george washington university all right crosstalk rules in fact that means you can jump in anytime you want when you go to washington first you said this is moral hazard this is what's going on in cyprus right now can you explain that please. sure sure the you know this is unprecedented what is happening right now in a financial crisis the one the one entity you protect are always a small savers and they're getting hit this time so most the small savers will be hit by a six point seven five percent tax and exchange they'll be given shares of that very bank and if that's not mor
is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross the cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares and raymond she is a professor of international finance and director of the european...
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them directly with the struggle we had to get a three or four percent tax applied to multimillionaires and multibillionaires well that was that that's the way it was played out in congress was you know the republicans you know obama and the democrats said well let's just do the buffett rule let's say that billionaires have to pay at least the same tax as their secretaries and republicans that way we can't have that and so we ended up with sequester and i think you're right if you want a metaphor or analogy because it's more of an analogy the better analogy would be what's going on right now in cyprus where the banks are saying ok we're going to go in we're going to take six percent of everybody's checking account and we're going to take that money and give it to the banks. and i think that year what we're saying to federal employees you know one day out of five or whatever it may be is good depends on contractors in the us but we're in a one out of five and simply not pay i agree it's a tax it's a theft and that's what the sequester is and it's going to have a very bad effect on the ec
them directly with the struggle we had to get a three or four percent tax applied to multimillionaires and multibillionaires well that was that that's the way it was played out in congress was you know the republicans you know obama and the democrats said well let's just do the buffett rule let's say that billionaires have to pay at least the same tax as their secretaries and republicans that way we can't have that and so we ended up with sequester and i think you're right if you want a...
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a can of soup it's thanks in part to the high levels of financial secrecy in the united states the tax justice network's financial security secrecy index highlights places around the world that provide the safest havens for tax refugees otherwise known as millionaires and billionaires who want to escape having to pay their fair share to help their economies they can accumulate massive piles of money and not surprisingly the united states ranks fifth in the two thousand and eleven financial secrecy index behind the traditional tax havens of switzerland the cayman islands luxembourg and hong kong now there was as millions of americans struggle to survive each and every day the wealthiest americans the oligarchy are accumulating vast sums of wealth without anyone saying a word or raising a finger is one of mitt romney. during the campaign in two thousand and twelve there was a huge battle over his disclosure or lack thereof of just how rich he is and in the end while romney did disclose some information about his assets including the fact that he was able to hide huge chunks of money in t
a can of soup it's thanks in part to the high levels of financial secrecy in the united states the tax justice network's financial security secrecy index highlights places around the world that provide the safest havens for tax refugees otherwise known as millionaires and billionaires who want to escape having to pay their fair share to help their economies they can accumulate massive piles of money and not surprisingly the united states ranks fifth in the two thousand and eleven financial...
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some information about his assets including the fact that he was able to hide huge chunks of money in tax havens across the globe bottom line is that the outrageous levels of wealth inequality in america have been driven in large part by our society's coddling of and the media's willful ignorance towards our nation's all of ours for too long the wealthiest americans like the koch brothers have been able to slip under the radar while robbing us blind the reaganomics era has seen the largest transfer of wealth from working people to the very very rich in the history of the world trillions of dollars tens of trillions of dollars as a loser with warren pointed out a few weeks ago if workers' wages had kept up with productivity in the years since reagan like they did during the generations before reagan the minimum wage today would be over twenty two dollars an hour. it's time to start calling our oligarchy what they are all of rocks and increasingly tax cheats and people who have corrupted both our politicians our media and our american market based economic system when enough americans have
some information about his assets including the fact that he was able to hide huge chunks of money in tax havens across the globe bottom line is that the outrageous levels of wealth inequality in america have been driven in large part by our society's coddling of and the media's willful ignorance towards our nation's all of ours for too long the wealthiest americans like the koch brothers have been able to slip under the radar while robbing us blind the reaganomics era has seen the largest...
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that said it's a euro zone problem and it's not like russians are the only ones availing of cypriot tax loopholes however russia did stop two and a half billion to help try and keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably out russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under pressure at home and explains the euro group's decision to back a raid on privately held deposits in cyprus germany's taking a very very hard line on this issue merkel's uncompromising stance backed euro groups decision to raid privately held super deposits weekend. and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a eurozone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished
that said it's a euro zone problem and it's not like russians are the only ones availing of cypriot tax loopholes however russia did stop two and a half billion to help try and keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably out russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under...
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s in a panic over a planned tax on savings accounts as part of a european union and i.m.f. deal the so-called rescue plan for the tiny eurozone country would see a one time levy on deposits to avoid a national default in exchange the e.u. was promised a ten billion euro bailout to heal the battered economy there under proposed terms of the package people in cyprus with less than one hundred thousand euros in their accounts would have to pay a tax of around seven percent of that those who savings are greater would be hit up with a ten percent tax is the first first such move where private depository would be forced to sacrifice their money to foot the bill bellowed conditions have been deeply criticized there are expected to have mainly the poor people and pensioners are the hardest moreover fears are mounting over the intense outflow of cash from the country people's anger is cause the parliamentary vote on the deal to be delayed until today dr helen samuel you from the leading british think tank the brewers group thinks the tiny island state is feeling blackmailed and is u
s in a panic over a planned tax on savings accounts as part of a european union and i.m.f. deal the so-called rescue plan for the tiny eurozone country would see a one time levy on deposits to avoid a national default in exchange the e.u. was promised a ten billion euro bailout to heal the battered economy there under proposed terms of the package people in cyprus with less than one hundred thousand euros in their accounts would have to pay a tax of around seven percent of that those who...
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couple of minutes we are now hearing the news was fifty the cypriot parliament rejected that savers tax to payroll banks demanded by the european union as a precondition of a future bailout of these tests or a seller as got more for us on what's happening in the mediterranean island tonight bring us up to speed what you know the. they were right in front of the cypriot parliament to the parliamentarians just stepping out here and as far as we know they had rejected the one time bank deposit tax that was imposed by the e.u. finance ministers of the i.m.f. over the weekend now according to the a parliamentarian i spoke with there were thirty six nos nineteen abstained abstentions and zero yes s. and therefore you can see that to really the opposition in the country to what is being required of them to get the ten billion euro bailout is very very strong emotions running high here on the street behind me you can see to my left and to my right there are people with banners and chanting emotions running high this is their show them showing their opposition to this a one time back to pass a t
couple of minutes we are now hearing the news was fifty the cypriot parliament rejected that savers tax to payroll banks demanded by the european union as a precondition of a future bailout of these tests or a seller as got more for us on what's happening in the mediterranean island tonight bring us up to speed what you know the. they were right in front of the cypriot parliament to the parliamentarians just stepping out here and as far as we know they had rejected the one time bank deposit tax...
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russia slams the proposal is unfair and dangerous with some experts saying if the tax is brought in may have to rethink its help for ailing europe. plus state of denial the u.s. military maintains there's no mass hunger strike. or more than one hundred detainees are reportedly starving themselves in protest at mistreatment. no war or peace we ask what washington and its allies have left behind in iraq as more deadly bombing strikes the nation at the ten year anniversary of the u.s. led invasion. you're watching live from moscow it is seven pm here in the russian capital the parliament in cyprus has delayed until tuesday a decision on whether to allow an e.u. bailout which will cost its citizens millions of. every bank customer customer out will have that cash taxed if it goes through the plan that caused panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent tess alasania reports on the implications. the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the cou
russia slams the proposal is unfair and dangerous with some experts saying if the tax is brought in may have to rethink its help for ailing europe. plus state of denial the u.s. military maintains there's no mass hunger strike. or more than one hundred detainees are reportedly starving themselves in protest at mistreatment. no war or peace we ask what washington and its allies have left behind in iraq as more deadly bombing strikes the nation at the ten year anniversary of the u.s. led...
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s in a panic over a planned tax on savings accounts as part of the european union and i.m.f. bailout the so-called rescue plan for the tiny eurozone country would see a one time levy of up to ten percent on deposits to avoid a national default in exchange the promise to a ten billion euro bailout deal to heal the economy under the proposed terms people in cyprus with less than one hundred euros in their accounts would pay a tax of around seven per cent on it and those who savings are greater would be hit up for a ten percent tax is the first such move or private depositors are forced to sacrifice their money to foot the bill bell conditions were deeply criticized there are expected to hit mainly the poor people and pensioners and also affect the rich russians who are known to invest in the country and members of the british forces who are stationed there moreover fears are mounting over the intense cash outflow from the country people's anger is caused the parliament to vote on a parliamentary vote on the deal to be delayed until today dr helen sound really from a leading bri
s in a panic over a planned tax on savings accounts as part of the european union and i.m.f. bailout the so-called rescue plan for the tiny eurozone country would see a one time levy of up to ten percent on deposits to avoid a national default in exchange the promise to a ten billion euro bailout deal to heal the economy under the proposed terms people in cyprus with less than one hundred euros in their accounts would pay a tax of around seven per cent on it and those who savings are greater...